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Markarian Foundation is a private corporation based in LAS CRUCES, NM. The foundation received its IRS ruling in 1984. The principal officer is % William Glasgow. It holds total assets of $3.6M. Annual income is reported at $712K. THE FOUNDATION OFFERS ITS ANTIQUE AND ORIENTAL RUGS TO MUSEUMS AND HAS AN ONGOING RELATIONSHIP WITH THE TEXTILE MUSEUM AND THE CINCINNATI ART MUSEUM TO FINANCIALLY SUPPORT RELATED PROJECTS. According to available records, Markarian Foundation has made 16 grants totaling $480K, with a median grant of $28K. The foundation has distributed between $80K and $195K annually from 2021 to 2024. Grantmaking activity was highest in 2022 with $195K distributed across 6 grants. Individual grants have ranged from $10K to $50K, with an average award of $30K. The foundation has supported 3 unique organizations. Grants have been distributed to organizations in District of Columbia and Ohio and California. Contributions to this foundation are tax-deductible.
THE FOUNDATION OFFERS ITS ANTIQUE AND ORIENTAL RUGS TO MUSEUMS AND HAS AN ONGOING RELATIONSHIP WITH THE TEXTILE MUSEUM AND THE CINCINNATI ART MUSEUM TO FINANCIALLY SUPPORT RELATED PROJECTS.
Expenses: $60K
PROMOTES EDUCATION ON ORIENTAL RUGS BY LOAN OF PERIOD PIECES.
THE FOUNDATION OFFERS ITS ANTIQUE AND ORIENTAL RUGS TO MUSEUMS AND HAS AN ONGOING RELATIONSHIP WITH THE TEXTILE MUSEUM AND THE CINCINNATI ART MUSEUM TO FINANCIALLY SUPPORT RELATED PROJECTS. Based on available records, the foundation has funded 16 grants. Its grantmaking reaches organizations primarily in DC, OH, CA.
Markarian Foundation has distributed a total of $480K across 16 grants. The median grant size is $28K, with an average of $30K. Individual grants have ranged from $10K to $50K.
Markarian Foundation is a private foundation. To inquire about grants, you can look up the foundation using their EIN (311113243) on GuideStar or contact them directly. Many private foundations have specific application processes that may not be publicly listed.
Markarian Foundation is headquartered in LAS CRUCES, NM. While based in NM, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| William Glasgow | Trustee | $35K | $0 | $35K |
| Gregory Markarian | Trustee | $30K | $0 | $30K |
| Michael Van Gelder | Trustee | $30K | $0 | $30K |
Total Giving
$222K
Total Assets
$3.4M
Fair Market Value
$3.7M
Net Worth
$3.4M
Grants Paid
$80K
Contributions
$0
Net Investment Income
$27K
Distribution Amount
$147K
Total: $3.2M
Total Grants
16
Total Giving
$480K
Average Grant
$30K
Median Grant
$28K
Unique Recipients
3
Most Common Grant
$50K
of 2024 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| The Textile MuseumThe Textile Museum was given a donation to further public knowledge and appreciation of textiles and textile art. | Washington, DC | $40K | 2024 |
| Armenian American MuseumThe Armenian American Museum was given a donation to support education of the public about the Armenian culture and their global impact in textiles and art. | Glendale, CA | $30K | 2024 |
| Cincinnati Art MuseumThe Cincinnati Art Museum was given donations for a textile curator project and pledge commitment. | Cincinnati, OH | $10K | 2024 |
| 2020 | 990PF | View |
| 2019 | 990PF | View |
| 2018 | 990PF | View |
| 2017 | 990PF | View |
| 2016 | 990PF | View |
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